BILKUL BAZAAR— The Daily News Wrap

• Bilkul Bazaar
• 9:00 PM | 17 Sept – 18 Sept 2026

 National Business News Highlights

1. NSE IPO fully subscribed on Day 2
The ₹22,561-crore NSE IPO was fully subscribed on its second day, with strong participation from qualified institutional and non-institutional investors. The issue remains open until September 21.

2. Indian markets end mixed; Nifty gains while Sensex slips
The Nifty 50 rose 0.31% to 23,346.40, while the Sensex slipped 0.03% to 74,294.96. Lower crude prices and selective buying supported the market, although IT and Tata stocks remained under pressure.

3. Tata Group stocks lose around $4 billion in market value
Listed Tata companies collectively lost about $4 billion in market value as investors reacted to the continuing disagreement over Tata Sons’ leadership and potential listing. TCS and Tata Chemicals were among the major decliners.

4. Shapoorji Pallonji backs Tata Sons listing
SP Group chairman Shapoor Mistry supported the RBI’s position requiring Tata Sons to comply with regulations applicable to upper-layer NBFCs, strengthening the possibility of a future listing.

5. Moody’s raises India’s FY27 growth forecast to 7%
Moody’s raised its real GDP growth forecast for India from 6% to 7%, citing the resilience of the economy. It nevertheless flagged elevated energy prices and El Niño-related food inflation as risks.

6. Nexperia partners Tata Electronics for chip production
Dutch semiconductor company Nexperia will partner with Tata Electronics for semiconductor production and packaging in India, adding another international collaboration to India’s expanding chip ecosystem.

7. Applied Materials commits $5 billion to India
US semiconductor-equipment company Applied Materials announced plans for a $5-billion investment in India by 2035, focused on semiconductor R&D, supply-chain capabilities and talent.

8. Apple Pay may launch in India next month
Apple is reportedly preparing to launch Apple Pay in India with Axis Bank credit cards as its initial banking partner. Discussions with HDFC Bank and ICICI Bank are also under way.

9. Direct tax collections rise 13% to ₹12.12 lakh crore
India’s net direct tax collections reached more than ₹12.12 lakh crore up to September 17, up 13% year-on-year. Corporate advance-tax payments rose 18.1% to ₹4.16 lakh crore.

10. Dr Reddy’s to distribute Takeda’s dengue vaccine in India
Dr Reddy’s Laboratories has signed an India distribution agreement with Takeda for Qdenga, following its approval by India’s drug regulator for use in children and adults.

 International Business News Highlights

1. Bank of Japan raises interest rate to 1.25%
The Bank of Japan raised its policy rate to 1.25%, its highest level in 31 years, as it continues to respond to inflationary pressures. The yen nevertheless weakened after the decision.

2. Turkey moves to stabilise markets after fund sell-off
Turkish authorities increased central-bank liquidity support and took measures affecting investment funds after a sharp market sell-off. The central bank increased repo funding to 300 billion lira.

3. Russia places Nestlé and Auchan businesses under temporary administration
The Kremlin has placed the Russian operations of Swiss food giant Nestlé and French retailer Auchan under temporary administration, a move that could potentially precede forced sales to Russian owners.

4. Asian LNG demand hit by high prices
Asian liquefied natural gas buying has fallen sharply as elevated spot prices make cargoes less attractive to buyers in China and other Asian markets, while Europe continues to compete for supplies.

5. Global markets remain under pressure from higher rates and oil
Global stocks and bonds faced pressure as central banks tightened monetary policy while oil remained elevated amid Middle East tensions. The US 10-year Treasury yield had briefly crossed 5%, adding to borrowing-cost concerns for businesses and governments.

 Quote of the Day

“In the business world, the rearview mirror is always clearer than the windshield.”
— Warren Buffett

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